▲ Chairman Gu and Vice President Yao Yuping discussed the cooperation matters

November 26 th , Yao Yuping, vice president of ICBI’s Shenzhen branch and his fellows visited Bauing Group, and discussed the “One Belt and One Road” cooperation between banks and enterprises with Chairman Gu.

Chairman Gu expressed warm welcome to Yao Yuping and his fellows. Gu noted in the talk that, Bauing is always keep pace with the times and strictly adheres to “One Belt and One Road” strategy, to explore overseas markets timely and independently. Over the past year, Bauing only enlarged its organization scale by merging South Decoration who has operation experience in overseas projects, but also completed the attempt to overseas strategic layout by setting up PT Bauing Construction Indonesia. Through tough exploration and practice, as of the third quarter of this year, Bauing’s domestic and overseas business got onto a new stage, with year-on-year growth of 36.69% of output value. 

▲ Chairman Gu talked about “One Belt and One Road”

Gu said, Bauing cannot gain such achievements inIndonesiawithout supports from ICBC and other banks. The cooperation between bank and enterprises is not merely credit relation, but an interdependent and mutually developed strategic partnership, which ensures timely and effective interaction between enterprise inner systems and bank systems, and realizes mutual cooperation, mutual promotion and mutual improvement. Thanks to supports from banks, Bauing Group widened its road to the implementation of “One Belt and One Road”, and made new breakthroughs in region and project layout. It is hoped that in the following practice of “One Belt and One Road” Strategy, ICBC can continue to support Bauing Group in the construction of infrastructures,SmartCity, Smart Home, Smart Traffic, E-business and Internet Big Data Platform. 

▲ Vice President Yao highly praised Bauing’s active practice in “One Belt and One Road” Strategy

Vice President Yao Yuping highly praised Bauing Group for its exploration and practice in “One Belt and One Road”.Yaopointed out that, it is not easy for private enterprises in Shenzhen to go out for infrastructure construction and make achievements in such a short term. Bauing Group, with its broad and long-term view, also made exploration in diversified layout in addition to building decoration, which highly agreed with “One Belt and One Road” Strategy and “Internet+” strategy, and was worthy of praise. InChina, ICBC Shenzhen Branch will continue to support Bauing, to go into deep cooperation with Bauing and escort for Bauing’s overseas development. In abroad, ICBC merged Indonesia Halim Bank in 2007 and set ICBC (Indonesia) Co., Ltd (ICBC Indonesia for short). Through eight years of development, ICBC Indonesia has become the Chinese financial institution with the largest asset size in Indonesian market. ICBC Shenzhen Branch is willing to act as a go-between, to assist ICBC Head Office in the cooperation between ICBC Indonesia and Bauing Group, so to help Bauing take off along “One Belt and One Road”. 

▲ President Gu Shaobo attended the discussion meeting    

▲ The negotiation site

Gu Shaobo, president of Bauing Group, Luo Qiuyuan, general manager of the Capital Management Department of Bauing Group, Deng Yinyi, general manager of the Finance Department of ICBC Shenzhen Branch, Zheng Tiejun, vice general manager of the Investment Bank Department, Xiao Dongliang, manager of Fuyong Sub-branch, and Liu Duanhua, deputy manager of Fuyong Sub-branch attended the discussion meeting.

▲ Group photo of Vice President Yao Yuping and Chairman Gu Shaoming  

▲ Group photo (3 rd L: Vice President Yao Yuping; 3 rd R: Chairman Gu Shaoming; 2 nd L: Sub-branch Manager Xiao Dongliang; 1 st L: General Manager Deng Yinyi; 2 nd R: Vice-general Manager Zheng Tiejun; 1 st R: General Manager Luo Qiuyuan)